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This is a partial adjusted trial balance of Crane Company. CRANE COMPANY Adjusted Trial Balance January 31, 2017 Debit Credit $750 Supplies Prepaid Insurance 1,200
This is a partial adjusted trial balance of Crane Company. CRANE COMPANY Adjusted Trial Balance January 31, 2017 Debit Credit $750 Supplies Prepaid Insurance 1,200 $1,000 Salaries and Wages Payable 700 Unearned Service Revenue 800 Supplies Expense 400 Insurance Expense Salaries and Wages Expense 1,600 Service Revenue 2,000 Answer these questions, assuming the year begins January 1. (a) If the amount in supplies Expense is the January 31 adjusting entry and $200 of supplies was purchased in January, what was balance in Supplies on January 1? Supplies balance
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